We, at Stalwart Research, follows simple yet effective stages of product development.
Each step is followed with crucial key-points with all quality parameters taken into consideration.
Hence, we believe is the key behind our Success in Product Development!
1. Conceptualizing the Product
Understanding your consumers and foreseeing their requirements in a way that offers value are key components of product development.
But carrying it out successfully shouldn’t be taken for granted; it calls for sensitivity and a well cultivated attitude.
This is where our expert the team puts in the effort and applies their creativity to devising how a product might serve its needs.
2. Validating the Solution
Before investing too much time in prototype and design, it is important to determine whether the suggested solution is workable. Of course, conceptually, this is still possible.
However, it is still an early test but still an important one to determine whether the specific product concept is worthwhile pursuing or if the target consumer would reject it or just barely embrace it.
3. Building Product Roadmap
With a sound product idea in hand, our product management creates the product roadmap by deciding which themes and objectives should be developed first to address the most pressing problems and encourage the product adoption within qualified users.
4. Developing Minimum Viable Product (MVP)
Creating a minimal viable product (MVP) is a cost-effective technique to test business hypotheses about customer demand. Just enough functionality is required in this initial version of the product for users to be able to utilize it.
Our team will make sure it will contain the crucial features of final product.
5. Releasing MVP to Users
Through experiments, one may determine consumer interest, order marketing messages and channels, and start exploring packaging and pricing sensitivity. At the same time, the feedback loop also gets started, which allows ideas, grievances, and suggestions to enter the priority process and be added to the product backlog.
6. Iterations based on User Feedback
When a product is on the market, consumer input received through multiple sources will determine additions, expansions, and adjustments. The goals for this product and the lessons learned from developing it will be used to shape the product roadmap as it progresses. We will not close the job until the conclusion of a product’s lifespan, when it is ultimately time to sunset the product i.e. the launch.